The article examines the significance of institutional quality for economic performance during transition. Institutions are the rules of the game. In any economy the most important institutions are the legal system, the state, the structure of the financial system and the system of international...

Albania's inward-oriented economy gradually opened to global influences during its period of transition. This eased access to markets and capital but also revealed many weaknesses in Albanian corporations. Today the country's growth strategy is based on exports. Consequently, a strong and...